Ron Henderson President/Broker of Multi Real Estate Services and Gov't Affairs Chair for California Association of Mortgage Professionals gives an overview on when is it "Advantageous to Get a 15 Year Mortgage instead of the standard 30 Year Mortgage? " Here we cover several areas to consider, above ... » Learn More about How to Determine if it’s Advantageous to Get a 15 Year vs 30 Year Mortgage (video)
mortgage rates
Changes Coming to Credit Reports That Can Increase Scores
Effective September 15, 2017, the three National Credit Reporting Agencies (NCRA) - Equifax, Experian, and TransUnion will be enhancing their ability to report accurate consumer information. As a follow-up to the National Consumer Assistance Plan that was implemented in March 2015, the following ... » Learn More about Changes Coming to Credit Reports That Can Increase Scores
Mortgage Rates Staying Down…For Now
The interest rates have had a steady drop since the beginning of July. If you look at a chart of the 10 year treasury yield (most closely correlates with the movement of 30 year mortgage rates), you can see the steady rate decline. Most of this drop has been due to a combination of lower than ... » Learn More about Mortgage Rates Staying Down…For Now
Fed Will Move Rate Higher Sooner, Rather Than Later
Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest rate increase by explicitly supporting a hike in mid-March if U.S. economic progress persists. There would have to be a major disruption with an economic report, or politically, over the next week, for ... » Learn More about Fed Will Move Rate Higher Sooner, Rather Than Later
Fed Increases Rate 1/4% – Mortgage Rates Jump
The Federal Reserve increased their overnight Fed Funds rate by .25% to .50-.75%. The bond market seemed more concerned about Fed Chair Janet Yellen's press conference, and if the Fed is behind the curve, and moving too slow. Yellen indicated that they are planning three more rate adjustments in ... » Learn More about Fed Increases Rate 1/4% – Mortgage Rates Jump